SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said.
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22. In the revised estimates, the target for 2021-22 has been cut to Rs 78,000 crore.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the next year’s target would be met by a mix of minority stake sale in CPSEs, listing of CPSEs and strategic sale.
